08/04/2026
Sensex surged over 2,700 points in a massive relief rally after a sudden US-Iran ceasefire cooled fears of a full-blown war, instantly adding 714-16 lakh crore to investor wealth. The rally was triggered by a sharp crash in crude oil prices (below $95), easing inflation worries for oil-dependent India, strengthening the rupee, and reviving global risk appetite. After days of panic-driven selling and geopolitical uncertainty, markets flipped overnight as volatility dropped sharply and broad-based buying returned across sectors.